ED raid continues at Nirav Modi's showroom in Mumbai's Kala Ghoda

Updated:1 month ago IST

Mumbai (Maharashtra), Feb 16 (ANI): The Directorate of Enforcement (ED) conducted a raid in jewellery designer Nirav Modi’s showroom in Mumbai’s Kala Ghoda area in connection with Punjab National Bank (PNB) fraud case. Earlier, raids were conducted in Modi’s showrooms in the national capital’s Defence Colony and Chanakyapuri areas. The ED also raided at Modi’s residence in Mumbai. The Central Bureau of Investigation (CBI) had on Monday booked Nirav Modi, his brother Nishal Modi and the officials of PNB in this regard. Modi had allegedly cheated the bank to the tune of Rs 280.7 crore. Meanwhile, the bank has suspended its ten officials, including a branch Deputy Manager.